MYMJ vs. CSHP

Last updated Jun 23, 2026

MYMJ (State Street My2030 Municipal Bond ETF) and CSHP (iShares Enhanced Short-Term Bond Active ETF) are both exchange-traded funds - MYMJ is a Municipal Bonds fund actively managed by State Street, while CSHP is a Ultrashort Bond fund actively managed by iShares. Both are actively managed. Over the past year, MYMJ returned 4.91% vs 3.96% for CSHP. At a correlation of -0.19, they often move in opposite directions. Both charge a 0.20% expense ratio.

Performance

MYMJ vs. CSHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street My2030 Municipal Bond ETF (MYMJ) and iShares Enhanced Short-Term Bond Active ETF (CSHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYMJ achieves a 1.16% return, which is significantly lower than CSHP's 1.86% return.

MYMJ

• 1D: -0.02%
• 1M: 0.76%
• YTD: 1.16%
• 6M: 1.61%
• 1Y: 4.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSHP

• 1D: -0.01%
• 1M: 0.30%
• YTD: 1.86%
• 6M: 1.93%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MYMJ vs. CSHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MYMJ State Street My2030 Municipal Bond ETF	1.16%	3.98%	-0.90%
CSHP iShares Enhanced Short-Term Bond Active ETF	1.86%	4.10%	1.25%

Correlation

The correlation between MYMJ and CSHP is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024	-0.19

Return for Risk

MYMJ vs. CSHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MYMJ

MYMJ Risk / Return Rank: 80
MYMJ Sharpe Ratio Rank: 91
MYMJ Sortino Ratio Rank: 94
MYMJ Omega Ratio Rank: 95
MYMJ Calmar Ratio Rank: 63
MYMJ Martin Ratio Rank: 58

CSHP

CSHP Risk / Return Rank: 99
CSHP Sharpe Ratio Rank: 100
CSHP Sortino Ratio Rank: 99
CSHP Omega Ratio Rank: 99
CSHP Calmar Ratio Rank: 100
CSHP Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MYMJ vs. CSHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street My2030 Municipal Bond ETF (MYMJ) and iShares Enhanced Short-Term Bond Active ETF (CSHP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MYMJ	CSHP	Difference
Sharpe ratio: Return per unit of total volatility	3.00	11.22	-8.22
Sortino ratio: Return per unit of downside risk	4.73	28.31	-23.57
Omega ratio: Gain probability vs. loss probability	1.73	6.67	-4.94
Calmar ratio: Return relative to maximum drawdown	3.03	65.84	-62.81
Martin ratio: Return relative to average drawdown	9.91	395.75	-385.85

MYMJ vs. CSHP - Sharpe Ratio Comparison

The current MYMJ Sharpe Ratio is 3.00, which is lower than the CSHP Sharpe Ratio of 11.22. The chart below compares the historical Sharpe Ratios of MYMJ and CSHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MYMJ vs. CSHP - Drawdown Comparison

The maximum MYMJ drawdown since its inception was -3.11%, which is greater than CSHP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for MYMJ and CSHP.

Drawdown Indicators

	MYMJ	CSHP	Difference
Max Drawdown Largest peak-to-trough decline	-3.11%	-0.08%	-3.03%
Max Drawdown (1Y) Largest decline over 1 year	-1.63%	-0.06%	-1.57%
Current Drawdown Current decline from peak	-0.35%	-0.01%	-0.34%
Average Drawdown Average peak-to-trough decline	-0.69%	-0.00%	-0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.50%	0.01%	+0.49%

Volatility

MYMJ vs. CSHP - Volatility Comparison

State Street My2030 Municipal Bond ETF (MYMJ) has a higher volatility of 0.38% compared to iShares Enhanced Short-Term Bond Active ETF (CSHP) at 0.15%. This indicates that MYMJ's price experiences larger fluctuations and is considered to be riskier than CSHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MYMJ	CSHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	0.15%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	1.20%	0.27%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	1.64%	0.36%	+1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.86%	0.41%	+2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.86%	0.41%	+2.45%

MYMJ vs. CSHP - Expense Ratio Comparison

Both MYMJ and CSHP have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

MYMJ vs. CSHP - Dividend Comparison

MYMJ's dividend yield for the trailing twelve months is around 2.96%, less than CSHP's 3.91% yield.

Position	TTM	2025	2024
CSHP iShares Enhanced Short-Term Bond Active ETF	3.91%	5.39%	1.96%
MYMJ State Street My2030 Municipal Bond ETF	2.96%	3.02%	0.89%

Frequently Asked Questions

Can I hold both MYMJ and CSHP in my portfolio?

MYMJ and CSHP have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYMJ or CSHP?

MYMJ has higher volatility (0.38%) compared to CSHP (0.15%). In terms of maximum drawdown, MYMJ dropped -3.11% vs CSHP's -0.08%.

Which ETF is better, MYMJ or CSHP?

On 1-year performance, MYMJ leads with 4.91% vs 3.96% for CSHP. Both ETFs have the same 0.20% expense ratio. On volatility, CSHP has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MYMJ or CSHP?

Over the 1-year period, MYMJ has performed better with a 4.91% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MYMJ or CSHP?

MYMJ and CSHP have the same expense ratio: 0.20% per year.

Which ETF pays a higher dividend yield, MYMJ or CSHP?

CSHP has the higher dividend yield at 3.91%, compared with 2.96% for MYMJ.

What is the main difference between MYMJ and CSHP?

MYMJ is categorized as Municipal Bonds, while CSHP is Ultrashort Bond. They also come from different issuers: State Street and iShares.

Which has better risk-adjusted returns?

CSHP currently has the higher Sharpe Ratio (11.22 vs 3.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.